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CHWY
Forbes
40 days

Chewy Stock Flashing ‘Buy The Dip' Signals

1. CHWY stock fell over 20% since hitting $48.62 high on June 6. 2. The stock is testing a historically bullish trendline amid recent losses. 3. Past signals suggest CHWY has 78% chance for a 10.9% gain in a month. 4. Short interest increased by 7.7%, indicating potential for a short squeeze. 5. Options are affordable, indicating potential for premium-selling strategies.

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FAQ

Why Bullish?

CHWY has historically responded positively after similar pullbacks. Past trends suggest potential for recovery.

How important is it?

The article provides key technical indicators and market sentiment affecting CHWY's near-term outlook.

Why Short Term?

The imminent short squeeze and oversold RSI indicate a quick price rebound is possible.

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